Steven Bertoni
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Customers grow dissatisfied with retail banks
NEW YORK (Reuters) - A rise in fees has led to growing dissatisfaction with retail banks, J.D. Power and Associates said in a study released on Wednesday, adding that banks may be sacrificing long term growth in favor of short-term gains. Full Article
Countrywide's Sambol won't join Bank of America
NEW YORK/BANGALORE (Reuters) - Bank of America Corp <BAC.N> said Countrywide Financial Corp <CFC.N> President David Sambol will retire rather than take over the combined companies' mortgage operations, pleasing those who saw him as one of ... Full Article
FACTBOX-Capital raising by financial institutions
NEW YORK, May 22 (Reuters) - Financial companies around the globe have scrambled to raise capital to offset massive write-offs. Below are the largest capital infusions announced by financial institutions since the credit crisis began, totaling more ... Full Article
Stem cell IPO faces long odds
NEW YORK (Reuters) - The odds would seem to be against an initial public offering for a biotech company with no profits and no products on the market, but stem-cell company Aldagen evidently feels lucky. Full Article
IPO VIEW-Stem cell IPO faces long odds
NEW YORK, May 16 (Reuters) - The odds would seem to be against an initial public offering for a biotech company with no profits and no products on the market, but stem cell company Aldagen evidently feels lucky. Full Article
E*Trade volume beats expectations, Schwab's down
NEW YORK (Reuters) - Shares of online broker E*Trade Financial Corp <ETFC.O> surged on Wednesday after the company delivered higher April trading volume than analysts had expected. Full Article
Update 1-E*Trade's trading volume drops in April
(Adds details about institutional clients, NEW YORK dateline) Full Article
Wall Street bonuses could slide in 2008: report
NEW YORK (Reuters) - Wall Street executives could be diving into a shallow bonus pool in 2008, according to a report from Johnson Associates compensation consultants. Full Article
Allstate, Texas regulators in $70 mln settlement
NEW YORK (Reuters) - Insurer Allstate Corp <ALL.N> has reached an agreement with Texas regulators to pay over $70 million to current and former policyholders, according a statement from the Texas Department of Insurance. Full Article
Barneys chief executive Socol resigns
NEW YORK, May 13 (Reuters) - The chief executive of retailer Barneys New York announced on Tuesday he plans to resign from the company in late spring or early summer. Full Article
